Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009.

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Presentation transcript:

Selling & Making Money Successfully on ebay is Work! By Dr. Michael Stachiw January 2009

ebay Selling Starting to sell on ebay is relatively easy But like most business ventures, the easy part is getting started, its the day-to-day details that can (and will) cause failure January 2009 – Dr. Michael Stachiw

ebay Selling As the old saying goes, The Devil is in the details! January 2009 – Dr. Michael Stachiw

ebay Selling Lets start by defining a few items: ebay is a large on-line auction/mall of items that are for sale. On a yearly basis, the sales on ebay are greater than Kmart, Sears and Macys combined. You can be either/both a seller or buyer on ebay January 2009 – Dr. Michael Stachiw

ebay Selling Usually a person sells items on ebay in using one of three methods: –Auction. Maximum of 10 days –Buy it now ( ), maximum of 30 days* –Buy it now or best offer ( ), maximum of 30 days* January 2009 – Dr. Michael Stachiw * Can be set to automatically relist till cancelled

ebay Selling Each of these three methods has advantages, as well as disadvantages. January 2009 – Dr. Michael Stachiw

ebay Selling Auction: + Can gain highest $ on sale - Shortest sales interval (10 days) - Most expensive posting fee (% of initial requested bid) Items need to be auction friendly January 2009 – Dr. Michael Stachiw

ebay Selling Buy It Now: + Like selling in a regular storefront + Longer sales duration (30 days) + No haggling on sales price + Great when you have multiple items January 2009 – Dr. Michael Stachiw

ebay Selling Buy It Now: + Lowest sales/posting fees ($0.35 to post + % of sales price) - If buyers dont like price, harder to sell January 2009 – Dr. Michael Stachiw

ebay Selling Buy It Now, with best offer: + Like selling in a flea market + Longer sales duration (30 days) + Supports haggling on sales price + Great when you have multiple items + Lowest sales fees ($0.35 to post + % of sales price) January 2009 – Dr. Michael Stachiw

ebay Selling Buy It Now, with best offer: ( Contd ) + If buyers dont like price, they can make an offer easily & you can accept easily + Most likely to sell - Can easily lead to less $ per sold item January 2009 – Dr. Michael Stachiw

ebay Selling Last, but not least, what payment methods are we willing to accept & delivery method? January 2009 – Dr. Michael Stachiw

ebay Selling Payment methods: – Check – Money Order – PayPal ( required as an option ) January 2009 – Dr. Michael Stachiw

ebay Selling Delivery Methods & Pricing – UPS/USPS – Local pickup – Handling Charge – Shipping fixed or based on weight January 2009 – Dr. Michael Stachiw

ebay Selling January 2009 – Dr. Michael Stachiw Ok. So let s look at actually selling something. Steps involved are: 1. Create PayPal account if you do not have one 2. Create eBay account if you do not have one

ebay Selling January 2009 – Dr. Michael Stachiw 3.Take photos 4.Write-up technical description of what we are selling. 5.Decide on selling price. (Research selling price or do we already know our price?)

ebay Selling January 2009 – Dr. Michael Stachiw 6. Decide on shipping & handling issues 7. Start posting, by selecting a category 8. Then complete all posting questions

ebay Selling January 2009 – Dr. Michael Stachiw 9. Select photo(s) 10. Enter item description. Be descriptive 11. Select payment and shipping options

ebay Selling January 2009 – Dr. Michael Stachiw Lets take a look at actually going through the process

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January 2009 – Dr. Michael Stachiw ebay Selling Now what?

January 2009 – Dr. Michael Stachiw ebay Selling Much like a physical store, you will have daily tasks to perform. Like...

January 2009 – Dr. Michael Stachiw ebay Selling Answer questions Haggle over price Collect money Prepare items for shipping Ship items Answer even more questions

January 2009 – Dr. Michael Stachiw ebay Selling Give refunds Rate customers Answer redundant questions Do bookkeeping Do banking Answer endless questions

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January 2009 – Dr. Michael Stachiw ebay Selling

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January 2009 – Dr. Michael Stachiw ebay Selling

January 2009 – Dr. Michael Stachiw ebay Selling

January 2009 – Dr. Michael Stachiw ebay Selling FeedDealer.com Thank you. If you have any questions, please do not hesitate to contact me: